I was charged a penalty under Internal Revenue Code section 6698 (a) (1 . . . I have been using Turbotax Business since 2004 and every year filed in April This is the first that partnerships or LLC's must file in March Why would Intuit Turbo Tax not inform the user of the important dates? I mean if I am using a business tax software that is always being updated, why woul
Solved: Selling a house held in revocable trust after death - Intuit @Carl wrote: "might" be more beneficial tax-wise to go ahead and distribute it to the benificiary recipient and let them sell it This can be difficult, because a trust is taxed differently than in individual is, and it usually results in the trust paying more in taxes than the individual would if the individual sold it after inheritance